Ikarus is a bus manufacturer based in Budapest, Hungary. It was established in 1895 as Uhri Imre Kovács- és Kocsigyártó Üzeme (roughly: "Imre Uhri's Blacksmith Workshop and Carriage Factory"). By 1913, the company focused mainly on constructing cars and due to increased sales during World War I it made great profits. In 1927, Ikarus had won an international tender and it was this year that large scale production could begin by delivering 60 shuttle buses. Following the Wall Street Crash, the company became bankrupt as it did not receive any significant orders and it had to be closed down. In 1935 the company had resumed production and was fully functioning during World War II. On 23 February 1949, Ikarus was officially established when it merged with airplane manufacturer Ikarus Gép és Fém